Coinbase CEO Brian Armstrong has revealed that the company facilitated its first AI-to-AI crypto transaction, sparking discussions about the potential implications for the cryptocurrency market. Bitcoin’s price dip to $60,000 draws attention, set against the burgeoning interest in AI technology and its possible role in future crypto transactions, promising new opportunities and challenges for traders. … Read more
Elon Musk warns of a financial emergency due to the U.S. national debt surging to $35 trillion. He labels this trend as ‘unsustainable’ and promotes a playful solution, the Doge Department of Government Efficiency, aimed at curbing government spending. Meanwhile, the cryptocurrency market has witnessed an enormous rise, with Dogecoin particularly rebounding significantly, highlighting the … Read more
Ethereum is set for a pivotal upgrade, known as ‘the merge’, which will transition its energy-intensive mining operations to a more sustainable ‘proof of stake’ system. This shift aims to reduce energy consumption by over 99%, potentially attracting traditional financial institutions while addressing environmental concerns. However, the upgrade faces challenges, including resistance from miners and … Read more
As cryptocurrency becomes a significant asset class, nations are adopting diverse regulation strategies. The EU and Canada implement rigorous frameworks for safety and compliance, whereas the U.S. faces ongoing legal battles over jurisdiction. Countries like China impose strict bans, while Brazil embraces crypto as a payment method. The regulatory landscape remains complex and in flux … Read more
Two IMF executives propose increasing global electricity costs for crypto miners by up to 85% through taxes, aiming to reduce carbon emissions while generating significant government revenues. Amidst these discussions, public miners are seeking debt financing as Bitcoin prices decline. The impending expiry of $1.4 billion in Bitcoin options threatens to add further sell pressure, … Read more
Ukraine’s government has raised $63.8 million through crypto donations since the invasion began. With over 120,000 contributions, notable donations include $5.8 million from Polkadot’s founder and a CryptoPunk NFT worth $200,000. Despite the success, the rise of scams targeting those wishing to support Ukraine highlights the need for vigilance in this new fundraising landscape. In … Read more
Bitcoin has surged to a record high of over $87,000, driven by optimism following Donald Trump’s election victory. Traders are encouraged by anticipated regulatory changes that may favour cryptocurrencies, alongside significant gains seen from approved spot Bitcoin ETFs. However, the cryptocurrency market remains volatile, with warnings about the risks of sudden losses. Environmental concerns about … Read more
Bitcoin Pizza Day, celebrated on May 22, marks the first-ever commercial transaction using Bitcoin when Laszlo Hanyecz paid 10,000 BTC for two pizzas. Initially valued at just $41, the pizzas’ worth skyrocketed as Bitcoin gained popularity, demonstrating the cryptocurrency’s monumental rise. Despite the incredible valuation, Hanyecz remains unfazed, illustrating the early novelty of Bitcoin. The … Read more
China may reconsider its ban on Bitcoin, fuelled by a recent court ruling that recognised Bitcoin as a legal currency. Although speculation runs high, scepticism lingers due to the government’s history of imposing bans. Bitcoin, meanwhile, remains legally owned but cannot be traded or mined, creating an ongoing tension in the crypto landscape. The crypto … Read more
Bitcoin’s regulatory landscape is unpredictable and varies globally. Price swings are influenced by government actions, with instances like China’s crackdown or the U.S. Bitcoin Spot ETF approvals showcasing these dynamics. The lack of a unified stance among regulators leads to confusion, complicating the classification of cryptocurrencies and their governance. Countries like Japan and South Korea … Read more